Company Secretary AccountantUndersecretary Accountant
The Company Secretary & Chartered Accountant - The Difference!
If you are still puzzled about the discrepancy between a company secretary and an accountant, this would help you understand the discrepancy. Now, a layperson would not know the exact meaning of the distinction unless he knew which role is associated with the two concepts above. A lot of candidates/students have the ambiguity from which area they should select.
There are those who think that the company secretary is better than the auditor. Now, virtually, we can't make comparisons. Students must select the subject they think would be good for them and where they can have an outstanding carreer. Let us take a look at the differences between the two notions.
Chartersed Accountancy is a course in accountancy. This is operated, controlled and supervised by the Institute of Chartered Accountants of India (ICAI). This is a chartered accountants organ set up under the Chartered Accountants Act, 1949 (Act No. XXVIII of 1949) to regulate the auditing industry in India.
Not only in India, but also worldwide, ICCAI has made a name for itself as the leading financial reporting institution for its contributions in the areas of training, maintaining high financial reporting, career advancement, audit and ethics. It is the second biggest financial reporting institution in the United States. Candidates who complete the CA course are given the opportunity either to work in a company or to set up their own private practices.
Due to the fact thatICAI is also connected to various international trade associations, candidates can now also find work outside India. The Company Secretary is a specialist whose job it is to act as an intermediary between the Company and its management team. They ensure that the company is in compliance with all applicable legislation and in compliance with supervisory requirements and take charge of all relevant litigation.
This course is managed and supervised by the Institute Of Company Secretaries Of India (ICSI). An enterprise which has a paid-up share of at least 5 crowns must appoint a full-time corporate secretary. In order to become Company Secretary, a candidate must complete 3 levels, the Foundation Program, the Executive Program, and the Professional Program.
The secretary of a company, similar to an auditor, can work with a company or open his own office. Qualified business secretary has a wide range of activities in consultancies, finance institutes, privately held businesses, banking, corporate matters or other supervisory authorities. A further concern in the student's head is that company clerks need to do more of the work in managing and accountants more of the finance side.
The company secretaries as well as the accountants have to settle things in connection with their work. No matter which area you decide on, you need to maintain and control your assets for optimal results. The choice of the box is an important one.